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Archive for the ‘it’ Category

Illumix Software Expands to North-east

In it, software, technology, venture capital on November 11, 2008 at 12:26 pm

News that Illumix has received £1.5 million in venture capital funding in order to set up a technical centre in the North-east of England.

The company’s technology aims to help large corporations with complex IT infrastructures to more accurately align IT resources with business requirements.

Chief technology officer Andrew Parker said: In many cases, businesses are supporting expensive legacy IT platforms that could be greatly optimised in terms of performance and operating costs.’

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IT Budget Crunch

In it, it hardware on October 17, 2008 at 11:58 am

A new report from Datamonitor says that Technology vendors could shortly find themselves up against it, with IT budget growth expected to slow in 2009.

Datamonitor based their report on a survey of 8,000 global IT ‘decision-makers’. 37 per cent said that they were expecting to see their IT budget increase in 2009. Half stated that they expect to their budget to stay the same in 2009.

The exception, however, was the healthcare sector, where the majority of healthcare industry respondents (57 per cent) said they plan to expand their IT expenditure in 2009.

Sight and Sound Technology BIMBO

In it, venture capital on September 19, 2008 at 4:25 pm

Sight and Sound Technology, a supplier of IT services for people who are blind or have learning difficulties, has completed a buy-in management buy-out (BIMBO). The deal was backed by Midlands-based venture capitalist Catapult Venture Managers, which invested £1.45 million, with senior debt from The Co-operative Bank.

Top 10 IT Companies in the Fortune 500

In it, stocks, technology on September 16, 2008 at 3:34 pm

Here’s a list of the top ten IT focused companies* in the annual Fortune 500 list. Rankings are based on 2007 total revenues.

  1. Hewlett-Packard  –  

    $104.3 bn

  2. IBM  –  

    $98.8 bn

  3. Dell –  

    $61.1bn

  4. Microsoft –  

    $51.1bn

  5. Fujitsu –   

    $46.7bn

  6. NEC –   

    $40.4bn

  7. Intel –   

    $38.3bn

  8. Canon –   

    $38.1bn

  9. Cisco Systems –   

    $34.9bn

  10. Flextronics International –    

    $27.6bn

* Companies that derive the majority of their revenue from sales of information technology products or services. Excluded are technology product distributors, electronic component makers, telecoms companies and mobile phone manufacturers.

Further reading

M&S Seek Salvation in IT

In it, it hardware, retail, stocks, technology on July 17, 2008 at 11:09 am

Information Age magazine has highlighted a couple of tech-related nuggets from the latest M&S annual report

The UK’s most famous retailer has earmarked £450 million for IT spending over the next three years in a bid to push into international and online markets and ease its reliance on the ailing UK retail environment.

“We’re planning to take more control of our logistics from source to store, allowing us to monitor our stock more efficiently and improve margins,” the report said.

The report also revealed the company’s motivation for this IT focus – it’s online business, M&S Direct, grew 70% over the year (making £300 million in sales), while international sales grew 16% bringing in £713 million.

Securstore Gets New Investors and New CEO

In data recovery, it, technology on July 16, 2008 at 2:34 pm

From the online edition of Growth Business news of a shake up at Securstore, the online back-up and recovery business with data centres in the UK and Iceland.

Orn Gunnarsson is the new CEO – he stepped down recently as managing director at Saga Capital Investment Bank – replacing Alexander Eiriksson, who will become the company’s chief operating officer.

Bjarni Armannson has become a new non-exec. He is a director of US private equity firm Paine & Partners.

Both are taking a 25% stake in the business.

The Key Revolution

In computers, it, technology on June 5, 2008 at 10:15 am

The Key Revolution is a technology developer that has a product allowing nomadic computer users to work from any machine without leaving traces behind them. Its main product is a USB key with an embedded SIM card and PIN protection that allows users to access standard Windows applications, browse the internet, and collaborate in a secure environment. The company’s management team consists of former employees of Vodafone, which holds a patent on the technology and is a shareholder in the company. The chief executive is Adrian Burholt.

According to GrowthBusiness.co.uk, the Key Revolution has secured a £1.25 million from Octopus Ventures via its Titan VCTs. Octopus has announced that it had received a ‘substantial’ holding in the company in return for its investment.

The product commenced beta testing with paying customers in February and a full launch is anticipated later this summer.

Optilan MBO

In communications, it, it systems, telecoms on April 4, 2008 at 3:30 pm

NVM Private Equity has backed the management buy-out (MBO) of Coventry-based telecoms network provider Optilan. The firm has invested more than £5 million in the MBO, which is led by Optilan’s CEO and co-founder Richard Buckland.

Optilan designs, installs and maintains telecoms systems for the oil and gas, transport, power and utilities industries. These are sectors with long lead-time for investments and where markets remain relatively strong. A good combination.

The company has 200 employees, the majority of whom are engineering and technical staff, and satellite offices in Moscow and Qatar.

In addition, news that NVM has exited Technology for Business, a Hampshire-based provider of IT systems for law firms.

Advent Ventures into Wireless USB

In communications, computers, it, it hardware, technology, venture capital on March 1, 2008 at 1:01 pm

London-based Advent Ventures has joined in the latest Series D funding round at Wisair, a California-based developer of “dongles”, which allow devices such as computer keyboards, digital cameras and laptops to communicate with each other wirelessly. The round completed $24 million (£12.2 million).

Other new investors in this round are US private equity group Susquehanna Growth Equity, 40-year-old Japanese VC firm Yasuda Ventures, and Bridge Capital Fund of Japan, an affiliate fund of Tokyo-based investor Nikko antfactory. Wisair, whose technology allows data transfer at speeds of up to 480 megabits per second within a ten-metre radius, has already received $48 million in previous fundraisings. This latest round brings the total now invested in the company to $72 million. Existing venture capital investors include semiconductor specialist Broadcom, private equity giant Apax Partners, and Intel Capital, the investment arm of the US technology group.

Martin McNair, general partner at Advent, says his firm will be helping Wisair find technology partners in Europe.

Hello Chaps and Chappesses

In computers, electronics, it, stocks on February 20, 2008 at 3:12 pm

Interested in tech stocks, computers, IT and electronics companies? Then you have found a new blog.